Main Content
CA Real Estate
Beverly Hills
Beverly Hills
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BEVERLY HILLS AVERAGE HOME STATISTICS
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5
No. of Beds
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6
No. of Baths
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4,075 sq. ft.
Size
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1940-1969
Age
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5
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AVERAGE HOME PRICES
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$1,156,500
Lowest
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$6,950,000
Median
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$64,999,500
Highest
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$1,156,500
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AVERAGE HOME PRICE PER SQUARE FEET
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$844
Lowest
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$1,500
Median
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$5,629
Highest
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$844
ABOUT BEVERLY HILLS, CA
Before the glitz and glamor, Beverly Hills started off as a failed exploration site that yielded water instead of oil. Its natural beauty and strategic suburban development, however, more than made up for what it lacked in liquid gold.
A legendary oasis In Southern California
Before the Spanish explorers arrived, the area that we know as Beverly Hills used to be an oasis for the Native American Tongva people. They referred to it as the “Gathering of the Waters,” a fertile land in the middle of a semi-arid basin.
The earliest record of the area was in 1838, when the Mexican governor of California granted the land – known as El Rodeo de las Aguas – to Maria Rita Valdez Villa, an African-Latina widow. She established and ran a prosperous cattle and horse ranch for several decades before it was ambushed in 1852.
Although she survived, this event may have caused her to sell the land to Benjamin D. Wilson and Henry Hancock in 1854. Unfortunately, a drought soon dried up the water in the area, making it unfit for livestock for several years.
Establishing Beverly Hills
Sporadic droughts made it difficult to sustain any ranch, farm, or developments in the area until the early 20th century, when Burton Green and his partners bought the land in an attempt to find oil. Their wells failed to strike oil, but they did draw more than enough water to power a town. They renamed their company as the Rodeo Land and Water Company, with Green naming the area “Beverly Hills” after Beverly Farms in Massachusetts.
Renowned landscape architect Wilbur D. Cook was enlisted to create the master plan for the community in 1907. He was the brains behind Santa Monica Park and Beverly Hills’ picturesque, tree-lined boulevards and main streets, including Rodeo, Canon, Crescent, Carmelita, Elevado, and Lomitas.
The Beverly Hills Hotel, built in 1912, became the center of community life. Not only did it provide accommodation for tourists, but it also housed the town’s theater, meeting place, and even a church. Beverly Hills’ rapid development drew more and more residents to the area, leading to its official incorporation in 1914.
Economic growth and the Glamor Era
In the 1920s, Beverly Hills experienced a surge in residential development as Hollywood stars sought sophisticated and glamorous lifestyles. Celebrities like Douglas Fairbanks and Mary Pickford transformed a hunting lodge into their famous mansion, PickFair, which inspired others like Gloria Swanson and Charlie Chaplin to build stylish homes in the area. The rise in auto races and the construction of the Los Angeles Speedway also added to Beverly Hills’ allure and popularity.
After World War II, the city’s soaring economy led to its development of upscale living and luxury shopping destinations. Top-tier retailers established themselves in the Golden Triangle, a shopping mecca that attracted high-end shoppers from all over the world. Since the district is anchored by Rodeo Drive, it also cemented Beverly Hills’ reputation as the ultimate shopping destination.
Beverly Hills today
Throughout the 20th century and into the 21st, Beverly Hills preserved its storied history while embracing modernity. Historic landmarks, such as the Beverly Hills City Hall and Beverly Gardens Park, are carefully maintained to this day. The famous Electric Fountain, which features a sculpture of a kneeling Tongva native in prayer, pays homage to the city’s roots in Native American history as a wellspring of abundance and fertility. Places like the Paley Center for Media, the 9/11 Memorial, and the Wallis Annenberg Center for the Performing Arts also added to the city’s heritage and commitment to the arts.
In the present, Beverly Hills embodies the pinnacle of elegance and prosperity, attracting discerning homebuyers with exclusive properties, world-class shopping and dining, and a vibrant, tight-knit community. With a profound respect for its past and a vision for the future, Beverly Hills continues to be one of the best places to live in Southern California.
Homes for Sale
in Beverly Hills
OVERVIEW OF THE REAL ESTATE MARKET IN BEVERLY HILLS, CA
Beverly Hills has one of the most expensive and sought-after real estate markets in the country. Surrounded by opulent estates and upscale neighborhoods, houses for sale in Beverly Hills can command premium prices. In the last few years until July 2023, the median listing home price ranged from $4.95 million to $7.85 million, with some properties selling for as high as $88 million.
The city’s investment potential is just as impressive. Since 2013, home values in Beverly Hills have skyrocketed by an astounding 123.12%, representing an average annual appreciation rate of 8.36%. Such remarkable growth places Beverly Hills among the top 20% nationally for real estate appreciation, making it a lucrative long-term investment for home buyers and property investors.
What to expect
Prestige, privacy, and utmost luxury. Although high-rise condominiums and apartments make up half of the market’s housing inventory, Beverly Hills is primarily distinguished by its single-family properties. Often showcasing exquisite architecture and lavish features, these homes are typically located in gated communities or on expansive, tree-lined estates, providing homeowners with unparalleled privacy and security.
From Spanish Colonial Revival to Mid-Century Modern, Beverly Hills boasts a diverse range of architectural styles. Some unique properties even showcase French Chateau, Tudor Revival, and Art Deco-style architecture.
Beyond its gorgeous residences, Beverly Hills provides residents with world-class amenities, upscale shopping, fine dining, cultural attractions, and top-tier schools, all of which contribute to a sophisticated and holistic lifestyle.
5 OF THE TOP NEIGHBORHOODS IN BEVERLY HILLS, CA
Not sure where to start your search for houses for sale in Beverly Hills? Check out these gorgeous neighborhoods:
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The Flats
Bordered by Santa Monica Boulevard and Sunset Boulevard, this neighborhood is near the heart of the action. Recent preservation efforts have protected the area’s diverse range of architecture, resulting in a dynamic community with new modern mansions as well as classic English Tudors and Spanish Colonial homes from the 1920s. Moreover, with beautiful palm-lined streets and large, buildable lots, The Flats is a prime location for luxury real estate investments.
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Trousdale Estates
Nestled along the foothills of the Santa Monica Mountains, this exclusive neighborhood is best known for its iconic Mid-Century Modern homes, unparalleled views, and Old Hollywood glamor. Developed by real estate developer Paul Trousdale in the 1950s and 1960s, the neighborhood became a laboratory of properties designed by the architects Lloyd Wright, Wallace Neff, and Cliff May, legends of California design. It is also one of the most secure and architecturally significant neighborhoods in Beverly Hills, home to many high-profile residents.
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Beverly Park
With a reputation for offering utmost privacy and tranquility, Beverly Park is one of the most coveted neighborhoods in Los Angeles County. It's host to some of the biggest properties in Beverly Hills, with home sizes ranging from 10,000 to 29,000 square feet, and featuring some of the best views of the canyon and the city. Moreover, photography prohibited within this gated community, providing homeowners with an additional layer of privacy and security.
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Beverly Hills Gateway
Three canyons – Benedict Canyon, Coldwater Canyon, and Franklin Canyon – all converge in this aptly named neighborhood, making it the starting point for those driving towards Sunset Boulevard or deeper into the Santa Monica Mountains. Despite being home to tourist landmarks like the Beverly Hills Hotel and the Greystone Mansion, this area is primarily residential, with homes surrounded by the city’s natural beauty while also being accessible to upscale perks like the finest shopping experiences, dining options, and cultural attractions.
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Beverly Hills Post Office
Typically identified by its famous 90210 zip code, the Beverly Hills Post Office Area consists of residential neighborhoods and gated communities like Beverly Glen, Benedict Canyon, Mulholland Estates, and The Summit. While it is technically a part of Los Angeles rather than Beverly Hills, these communities provide a similar luxurious lifestyle and closer proximity to the Beverly Hills’ avenues and major thoroughfares.
LIVING IN BEVERLY HILLS, CA
Before looking for houses for sale in Beverly Hills, CA, it’s important to learn more about what it’s like to live in the area. Here are some activities that can help you get to know this beautiful city a little better:
Take a stroll in the many gardens
With its picturesque parks, beautiful gardens, and abundant green spaces, Beverly Hills has rightfully earned its title as the “The Garden Spot of the World.” Take a break from the hustle and bustle of urban life by checking out:
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Beverly Gardens Park.
Stretching for more than a mile, this exquisite park features meticulously manicured gardens, vibrant flower beds, and iconic landmarks, including the Beverly Hills Sign and the Wilshire Electric Fountain. It is the perfect spot for leisurely walks, picnics, and connecting with nature at the heart of the city.
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Will Rogers Memorial Park.
If you’re looking for a more tranquil and serene atmosphere, Will Rogers Memorial Park offers a peaceful oasis. Named after the city’s first honorary mayor and renowned actor Will Rogers, this beautiful park features lush lawns, a charming pond, and mature trees that provide shade for residents to unwind and relax in.
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Greystone Mansion and Virginia Robinson Gardens.
These landmarks offer a window into Beverly Hills’ rich history and horticultural legacy. Greystone Mansion, also known as Doheny Estate, is one of the largest private homes ever built in Southern California. The mansion – which covers over 46,000 square feet – is surrounded by 18.5 acres of beautifully landscaped gardens designed by Paul Thiene. The Virginia Robinson Gardens, on the other hand, is the first private estate to be opened to the public in the city. Once the site of lavish Hollywood parties, it is now home to breathtaking gardens like the Australian King Palm Forest, the Rose Garden and the Italian Terrace Garden.
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Dine like Old Hollywood stars at The Polo Lounge in Beverly Hills Hotel. With its lavish decor and elegant ambiance, this historic establishment offers a delectable array of American cuisine with a touch of California flair, perfect for a power lunch or a romantic dinner.
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Have an elevated culinary experience at Spago Beverly Hills. As the flagship restaurant of the world-renowned Wolfgang Puck Fine Dining Group, Spago showcases some of the most innovative takes on contemporary California cuisine. The emphasis is on fresh, locally sourced ingredients, seasonal dishes, and five-star service, making every visit to this restaurant an extraordinary experience.
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Experience the best turf – or surf – at Mastro’s Steakhouse. If the choice is exceptional steak or nothing, or seafood still redolent of like the sea, Mastro's Steakhouse in Beverly Hills is the only choice. The menu is a fascinating mix of classic standbys like shrimp cocktail to true A5 Kobe beef. The restaurant’s elegant and contemporary look also makes Mastro's the ideal place for celebrating special occasions or enjoying a lavish meal with loved ones.
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Have a taste of tradition at Nate ‘N Al.This beloved Beverly Hills institution has been serving up traditional Jewish deli fare since 1945. Its array of classic deli dishes – from satisfying pastrami sandwiches to sumptuous matzo ball soup – evoke nostalgia and comfort, making it a cherished spot for residents and visitors alike.
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The Golden Globe Awards.
Held annually at the Beverly Hilton, the Golden Globe Awards is a celebration of the best in film and television, attended by A-list celebrities and industry giants from all over the world.
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Beverly Hills Film Festival.
Serving as a major platform for independent films and emerging filmmakers, the Beverly Hills Film Festival features everything from thought-provoking documentaries to experimental productions, highlighting new talents and creatives in the film industry.
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Beverly Hills Art Show.
This two-day outdoor art exhibition features the works of numerous artists who work in a variety of fields and mediums. Held in Beverly Gardens Park, the show features paintings, sculptures, photographs, and other art forms. It allows the public to connect with the artists themselves, learn about their creative process, and purchase some of their pieces.
Spend a day at Rodeo Drive
Shopping at Rodeo Drive is crucial to having the complete Beverly Hills experience. Its palm tree-lined streets boast an array of designer boutiques and flagship stores of luxury brands, from big names in fashion like Chanel and Gucci to renowned jewelers like Bulgari and Tiffany & Co.
Throughout the year, the street hosts various fashion shows, product launches, and charity galas, drawing A-list celebrities and the fashion elite. Like Hollywood’s world-famous Walk of Fame, Rodeo Drive has its own “Walk of Style ®” that pays tribute to fashion legends like Tom Ford, Giorgio Armani, and Salvatore Ferragamo.
Clothes and jewelry aren’t the only eye-catching things you’ll find in this area. Cars are a big statement piece, too, which is why one of the street’s most highly anticipated events is the Rodeo Drive Concours d’Elegance, a renowned car show that features some of the rarest and most prestigious automobiles in the world.
Catch a show at the Saban Theater or the Wallis Annenberg Center
Whether you’re a seasoned patron of the arts or simply seeking an evening of entertainment, Beverly Hills has a rich artistic heritage and a vibrant theater scene that cater to diverse aesthetic tastes. The Saban Theatre, for example, hosts a variety of performances in a gorgeous 1930s Art Deco structure at the corner of Wilshire Boulevard and Hamilton Drive. From live music to stand-up comedy, the theater promises audiences an unforgettable and immersive experience.
The Wallis Annenberg Center for the Performing Arts is another community hub designed to host a range of cultural events. Housed in the former Beverly Hills Post Office building, the center consists of two venues: the Bram Goldsmith Theater and the Lovelace Studio Theater. From engaging theatrical performances, to world-class dance productions, to thought-provoking lectures, each event at the Center promises an enriching and inspiring experience.
Savor the city’s culinary gems
A place is just as good as its food, and no city understands that better than Beverly Hills. Embark on a gastronomic journey with dining destinations that have stood the test of time and become paragons of old school haute cuisine.
Embrace the art and culture of the city of stars
Beverly Hills is host to a star-studded line-up of events year-round, from extravagant awards ceremonies to one-of-a-kind art shows. Here are some you don’t want to miss:
FIND THE PERFECT BEVERLY HILLS PROPERTY WITH CLUTCH/ABODE
As you embark on your search for houses for sale in Beverly Hills, let Clutch / Abode be your trusted partner in navigating the city’s exclusive real estate market. Led by Clinton Wade, our boutique real estate brokerage brings over 20 years of expertise in the Los Angeles luxury market. With our personalized strategies and unparalleled local knowledge, we ensure utmost confidentiality and offer an extraordinary inventory that’s both listed and unlisted.
Get in touch with us today and discover the expertise and bespoke service that only Clutch / Abode can offer. Call us at 310.403.9497 or send us a message here.